If you’re thinking of buying property in Toowoomba, consider getting in touch with a local mortgage broker.
Situated in the Darling Downs region of Queensland, Toowoomba is located 125km west of Brisbane. As the sixth largest city in Queensland, Toowoomba is the most populated inland city in Australia following Canberra.
Known as the “garden city”, Toowoomba is home to over 150 parks and gardens, and it hosts the annual Australian Carnival Festival of Flowers. With its leafy streets, abundance of schools and proximity to shops and other amenities, the city of Toowoomba is a sought-out location amongst students and mature couples.
Purchasing real estate is a big financial decision, which is why it’s worthwhile researching the market and getting in touch with local professionals to assist you in the process.
A mortgage broker can give you access to competitive mortgage products from a panel of lenders, and you’ll all be able to take advantage of their expertise and local market knowledge.
Toowoomba mortgage brokers comparison
- Mortgage Choice Toowoomba
- Toowoomba Home Loans
- Smartline Personal Mortgage Advisers
- Peter May Group
- Interstate Finance and Leasing
- Loan Market Toowoomba
- Fox Finance and Leasing
What will a typical mortgage cost in Toowoomba?
The median house price for Toowoomba real estate is $355,000. For a 20% deposit, you would need to budget $71,000. If you were taking out a loan for the remaining balance of $284,000 at 4.5% interest over 30 years, your monthly repayments would be $
How is a mortgage broker paid?
Mortgage brokers receive a commission from the lenders they work with. This usually includes an upfront commission and an ongoing or “trailing” commission, both of which are based on the product type and volume of the transaction.
How does a mortgage broker work?
Mortgage brokers in Toowoomba have expert local knowledge of the property market and can draw upon their panel of lenders to source a competitive mortgage product that suits your borrowing needs.
With an obligation to exercise duty of care, brokers are required to only recommend home loans that are suitable to your personal circumstances.